SEC
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations (such as Regulation Best Interest), enforcement actions and related activities.
JPMorgan Bosses, Hooked on WhatsApp, Fuel $200M Penalty
By Hannah Levitt and Ben BainTens of thousands of messages escaped surveillance, hindering investigations, the SEC said as it doled out an unusually large fine.
December 15, 2021
Ex-Ameriprise Rep Who Defrauded Retirees Gets 14 Years in PrisonThe former broker scammed clients out of over $12 million as part of a real estate investment scheme.
December 13, 2021
7 Worst Bogus Advisors in America: 2021The head of an investment club called Amongst Friends and a dentist were among those accused of running investment scams.
December 10, 2021
Ex-LPL Rep Sentenced to 2½ Years in Prison for Stealing From Retired ClientThe former broker was also ordered to pay $639,580 in restitution and a special assessment of $100.
December 07, 2021
Regulators: Hold On to Digital Communications!The pandemic forced online communication through several devices; now, regulators want advisory firms to hold on to this information.
December 07, 2021
Ex-Merrill Rep Who Scammed Pastors Sentenced to 7 Years in PrisonThe former broker had pleaded guilty to one count of securities fraud and admitted to swindling millions of dollars from victims in several states.
December 03, 2021
10 Worst Financial Advisors in America: 2021This year's worst advisors allegedly committed some of the usual crimes—and some that will definitely surprise you.
December 03, 2021
SEC Rejects WisdomTree's Spot Bitcoin ETF ApplicationIt was the agency's second Bitcoin ETF rejection in a month. Fidelity Canada launched its first spot Bitcoin ETF in Toronto.